Sprott Inc. cut its holdings in Metals Acquisition Limited (NYSE:MTAL - Free Report) by 12.4% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,314,105 shares of the company's stock after selling 185,895 shares during the quarter. Sprott Inc. owned 1.77% of Metals Acquisition worth $13,956,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Quarry LP bought a new position in Metals Acquisition in the 3rd quarter valued at approximately $34,000. Quantbot Technologies LP bought a new position in Metals Acquisition in the 3rd quarter valued at approximately $46,000. FMR LLC bought a new position in Metals Acquisition in the 3rd quarter valued at approximately $107,000. Tidal Investments LLC bought a new position in Metals Acquisition in the 3rd quarter valued at approximately $186,000. Finally, Creative Planning bought a new position in shares of Metals Acquisition during the 3rd quarter valued at $190,000. 87.47% of the stock is owned by institutional investors.
Wall Street Analysts Forecast Growth
Separately, Scotiabank lowered their price target on Metals Acquisition from $16.00 to $14.50 and set a "sector outperform" rating on the stock in a report on Monday, January 6th.
Check Out Our Latest Research Report on MTAL
Metals Acquisition Trading Down 2.3 %
Shares of NYSE MTAL traded down $0.23 during midday trading on Friday, hitting $10.04. 426,250 shares of the stock traded hands, compared to its average volume of 223,076. The firm has a 50-day moving average of $10.74 and a two-hundred day moving average of $11.70. The company has a debt-to-equity ratio of 0.85, a current ratio of 0.84 and a quick ratio of 0.69. Metals Acquisition Limited has a one year low of $9.89 and a one year high of $15.26.
Metals Acquisition Company Profile
(
Free Report)
Metals Acquisition Limited focuses on mining and production of copper and silver. It operates the CSA copper mine in Cobar, Australia. The company was incorporated in 2022 and is headquartered in Saint Helier, Jersey.
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